Finance
EnglishRBI Report: Rising Insurance Costs Leave Customers in the Lurch
The RBI's latest report reveals that high costs are making insurance harder to afford. With most investments sitting safely, returns are falling short. Premiums are on the rise, but it's mainly the loyal customers footing the bill, leaving new folks in the dust. A shake-up is needed, or the insurance scene could get pretty dull!
few days ago | Aathira Varier
Quick rundown
1.High distribution costs are limiting insurance expansion.
2.RBI highlights conservative investment strategies in insurance.
3.Premium growth driven by high-cost strategies, not efficiency.
4.Public insurers focus on expense management, unlike private ones.
5.Rising reliance on cross-border reinsurance noted by RBI.
